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6 reasons why you should buy crypto - even if you just start with $5

Some basics for those who just cannot wrap their heads around crypto (no shade - it's complicated sh*t)

By Court WhitePublished 2 years ago 9 min read
2
6 reasons why you should buy crypto - even if you just start with $5
Photo by Executium on Unsplash

If talking about money makes your eyes gloss over and your ears turn off, this article is intended for you. Crypto is complicated, and I tried to make it as easy to understand as I could. There are some huge things happening and I think you and everyone else should get in on it. (Seriously, I've been evangelizing everyone I know.) There's tons of money to be made. But any time you see *Nerd Alert*, skip the paragraph and come back to it later.

The world is shifting once again. Everything has started going digital over the last several decades, it only makes sense that the next step is to digitize money. And it is currently happening whether you notice it or not. Most countries are currently creating digital versions of their own currencies, and most banks are rolling out infrastructure and policies to be able to work with virtual money and assets - right now. And in the meantime, these coins are completely accessible to you.

No matter how money-savvy you are, or how tech-savvy you are, you can buy crypto coins. There are a ton of various apps and platforms to buy coins on, and then you're done - you can just hold them and wait for them to grow value, and you don't need to do any fancy trading to make that happen.

All this said, I'll give the liability disclaimer that I'm just some asshat on the internet - and there's no reason to take my opinion as fact. You should do as much research as possible to ensure you're aware of what you're buying. Above all - know that all investing comes with risk, and there is always a risk that you will lose your money. That said, there will never be an opportunity to make money like this again in our lifetimes. Maybe ever. I truly believe that every single person should invest in crypto.

Without further ado, the 6 reasons I think you should invest in crypto right now. (Or, I guess just as soon as you're done with this article.)

No promises - but like - There's never been a stronger possibility of making money like this in the entirety of human history.

1. It is not a pipedream or fantasy - we've worked out the technology and now we're gonna use it.

People have been theorizing since the advent of a digital version of money for a long time. Until Bitcoin came out, there wasn't really a way to do it without having dollars replicate instead of transfer during transactions. Think of how it goes when you send someone a photo or a file, that just means that you both have that file now. That's obviously a pretty big flaw in terms of digital money.

*Nerd Alert* Now they're building things called blockchains, which are essentially computer programs that are their own internet, but they can be integrated so these "Internets" can connect to one another and to the traditional internet. It's a self-contained network that controls what goes in and out, and so fiat currency goes in and the native coin of the blockchain comes out. These blockchains all decentralized, which means there's no one single server storing the info or one single computer doing the work. Information is stored between hundreds, even thousands of different computers acting as "validators" on the network, and they confirm the validity of the transactions. These networks usually serve a specific purpose, usually payment but also things like file storage, gaming, fan rewards. Think of it like if you crossed a points or rewards program, with buying stocks on the stock market. You need to pay for the points, but the points give you a share of the pool and the rewards therein. Except the main points pools/blockchains are payment networks for big banking and global economics.

There's a looooot of money left to digitize - a quick Google search told me there's about $1.3 Quadrillion in global circulation. Right now we're up to about $2.5 Trillion in the crypto space (less than 2% of all money, if Google is right), and the world is just now getting the shift set up. Right now is the best time to invest in crypto! Unless aliens attack and we don't have internet anymore, it is gonna happen and will very soon be a very normal thing that everyone uses. Why not get into it now before the price shoots up!

Even if I don't entirely understand it. Beep boop.

2. Everything has been steadily digitizing for decades. It's only natural for money to follow suit.

We've digitized how we communicate, how we gather and find information, how we buy things... Even cars have gone digital. Why would money stay bound to a physical, tangible form? It's already mostly digital anyways - most "money" is basically non-existent debt accounted for on various ledgers. There's a lot more money floating around that doesn't physically exist, than there is money that you can actually hold in your hand. This is just the next step in that direction.

Like I said above, we have the technology. It's rapidly evolving and has been doing so quietly over the last decade. It's rolling like a snowball, and is going faster and faster the bigger it gets. Like anything - the more money that's put into it, the more money it's worth. Investing in crypto right now has the potential to net astronomical profits. If I'd have put $10 into Bitcoin in Dec 2020, just under a year ago, it'd be worth $50-$60 by now (Nov 2021.)

Banks just started putting Bitcoin and Ethereum into the investments that they sell you in the last few months, and there will be more coins they do this with as regulation increases. You'll be able to invest in crypto funds at your bank soon, but… Why not skip that greedy middle-man if you can?

Dar-winning

3. You're gonna spend the cash anyways

Most of us will opt for the quick fast food meal or those shoes that have been calling our name more often than we realize. I'm not pointing fingers - I'm super guilty of opting to buy fast food instead of cooking, or ordering things I don't technically need. I looked through some basic statistics and I think it's safe to say that more than half of people overspend. I'm personally floored at how much money I have when I actually do a budget, compared to when I just spend all willy nilly and think I have it under control.

But the point is - you can get no-name stuff for a bit and put the difference into crypto. You can eat ramen for lunch instead of getting the Big Mac. You can wait to get those new Jordan's or the new iPhone this time. There is VERY likely wiggle room in your budget whether you think there is or not. Do up a budget, and be creative! This is worth it!

Me spending money on DoorDash when I make better food than half the restaurants in this town.

4. You can make a LOT of money - IF you do your research and don't buy more than you can afford

A lot of these coins are inevitably going up in value, and they show no signs of slowing down. There are, of course, coins that are going to fail for some reason or another and you could lose money. But generally speaking this is a historical shift - all of money is going to be digital within our lifetimes. There's a huge potential for gains as this shift happens.

I'm not trying to coerce people to sink their life's savings, or rent, or go into debt to invest in crypto. This post is all about financial stability and elevating people economically. Do not invest what you can't afford, and do not make your life impossible because you are putting too much money away. I truly believe that most people can find an extra few bucks in the budget, and I encourage folks to reallocate those bucks to crypto coins. But don't sink yourself trying to float!

Me in ten years.

5. Traditional banking is still rolling all of this out, and they do not want you in before they can sell it to you. Get your piece!

This sounds super conspiracy theorist-y, but the banks reeeeally don't want you to buy crypto. Not only do they have a LOT to do to flip everything to digital, they're missing a lot of legislation in certain places that makes it safe for them to make the change. Plus, the median age of the folks at the head of these banks and the government doesn't always have a great understanding or acceptance of tech. So they're likely having their grandkids show them how to use their iPhone while all of this happens.

*Nerd Alert* England spent £11 Million on an ad campaign directed at "young people" to warn them about the dangers of investing in crypto - all while they're working in developing their own digital currency. Not sure about other countries, but here in Canada - most banks and credit cards don't allow for crypto transactions. They'll say it's to protect you from risk, but let's keep in mind how much is lost to gambling without any regulatory regard for that risk.

The more control they have, the less "normal" people will be able to access it. The more it's worth, the harder it gets to make those big gains. Buy low, sell high - right? . There will always be money in investing, and I'm not saying "do it now or don't bother", but right now there's a possibility of getting unimaginable, exponential returns on these investments.

Your bank after you say no to Crypto

6. No seriously, you're going to spend the cash anyways.

There's a solid chance there's something in your life that you can go without. I understand life is not cheap - my family grocery bill is the same as my rent and my kids aren't even in school yet. But I can maybe stand to buy the cheaper toilet paper for a couple months and put the difference into buying some crypto. Maybe I drink at home with a $30 bottle instead of dropping $250 at the club with my friends.

If you buy a lottery ticket and lose - that money is gone. But if you buy a crypto coin and the value drops, you still have that coin. That value could jump back up, and even if it doesn't, it's still technically worth something.

I'm sure you can find a few bucks somewhere. And when you do - put it on some crypto. You will thank me in a few years.

You still have the receipt - Return it and go buy crypto.

My next articles will be on HOW to buy these coins (hopefully in the next few days), as well as how I pick which coins to buy. Also considering starting a YouTube channel depending on the response I get from this, so if you like it and want to learn more - let me know!

cryptocurrency
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About the Creator

Court White

I'm Court. I write stuff, and sometimes do other stuff too.

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